Economic Development
Covering topics such as development incentives, business preservation, job creation and training and unemployment.
Work requirements through welfare have helped recipients find meaningful jobs. America has a vast workforce network at the ready to provide job placement services.
Future in Context
Cities and states are working on novel solutions to old, intractable problems. Governing magazine’s return to print showcases stories of the people who are making them work across the country.
Experts predict that the celestial event could drive millions of dollars for local businesses, including a $179.8 million boost to the restaurant industry and $221.8 million for hotels.
It takes partnerships among school districts, higher education, employers and community leaders to unlock the potential for more students to earn a degree that leads to significantly higher lifetime earnings. States can do a lot to make that happen.
Roanoke lost the headquarters of two Fortune 500 companies. It created a promising future by retooling itself for biotech.
The Key Bridge collapse in Baltimore has closed the port and a key access road indefinitely. But many shippers and other companies were already more attuned to supply chain disruptions due to the pandemic.
Congress could enable cities to employ tax-exempt bonds to help stabilize their office tax bases in a way that’s friendly to both taxpayers and the IRS. There might already be opportunities for brave mayors and crafty public financiers.
The city’s tech companies raised more than $3 billion in funding and attracted 57 new investors last year, marking the region’s second highest annual total in 12 years.
The site is expected to generate approximately 1,000 construction jobs immediately and 1,400 jobs once the center is finished. The center will be Google’s first in Missouri.
States have devoted billions of dollars to replenishing their unemployment trust funds, but many are still short. Fewer states are now prepared for a recession than before the pandemic.
As other states ramp up their own development incentives, Texas is experiencing more competition for opportunity zone projects. Of 94 economic incentives projects across the nation this year, just two were in Texas.
A real estate consultant estimated that San Diego could go from 2,780 downtown employees using 819,000 square feet of space to 3,060 employees in just 580,000 square feet with small adjustments.
Their inventor wanted them to be centers of social life. They never really achieved that goal, but the ones that remain are more than just places to spend money.
Pay and benefits are important, but a better-trained, more professional workforce is crucial as well. State child-care administrators and agencies are key to making it happen.
Authorities known as industrial development agencies hand out nearly $11 billion worth of subsidies each year.
DOD has released an industrial strategy that calls for a revival of domestic manufacturing that extends far beyond traditional defense contractors.
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